The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho, hereinafter referred to as “KIBO”) announced on Monday the 8th that it signed a “Business Agreement for Support of Industry-Academic Joint R&D Cooperation” with Kyung-In Women’s University (President Yuk Dong-in, hereinafter referred to as “Kyung-In Women’s University”) at the Kyung-In Women’s University 20th Anniversary Memorial Hall.
This agreement was pursued to promote technological innovation and establish a foundation for sustainable growth among small and medium-sized enterprises (SMEs) by identifying SMEs in need of technology transfer and linking them with universities possessing excellent technologies.
According to the agreement, the two organizations plan to cooperate to enable SMEs to smoothly introduce the technologies they need by ▲establishing a system to discover and respond to the technology needs of SMEs in the Incheon area, ▲jointly planning and operating demand-based customized support programs, and ▲linking existing resources and providing technological information.
Furthermore, based on their collaborative network, the two organizations plan to connect companies seeking research and development with expert researchers and jointly pursue administrative support, such as applications for government R&D projects, to support the strengthening of companies' research and development capabilities.
This agreement aims to foster an industry-academia cooperation ecosystem based on open innovation, and is expected to promote the sustainable growth of technology-based small and medium-sized enterprises.
Kibo CEO Cheon Chang-ho said, “Through this agreement, we have been able to establish a technological innovation ecosystem based on industry-academia-research cooperation for local innovative companies.” He added, “Going forward, Kibo will actively support small and medium-sized enterprises (SMEs) by expanding strategic cooperation with relevant organizations so that they can lead R&D and achieve sustainable growth.”
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